Ninebot repurchases 220 million yuan of depositary receipts this year, first-half net profit exceeds 1 billion yuan

The Ministry of Transport has proposed to the committee vetting the use of loans under the emergency decree authorizing 200 billion baht in borrowing, requesting budget allocation for two projects totaling approximately 30 billion baht. These include the DLT Support Phase 2 project, worth 6 billion baht, to assist transport operators with fuel costs, and the project to transition seven groups of public vehicles to electric, hybrid, or biodiesel-compatible vehicles such as B20, worth 24 billion baht. This covers taxis, public motorcycles, tricycle taxis, regular and non-regular buses, school buses, and freight trucks. Deputy Transport Minister Siripong Angkhasakulkiat said that if approved, the DLT Phase 2 project could proceed immediately, while the energy transition project is expected to start as early as October 2026. However, if not supported, it may be proposed as a phased plan in the 2028 budget.

Taotao Vehicles released its 2026 semi-annual report, with first-half revenue of 2.751 billion yuan, up 60.56% year on year, and net profit attributable to the parent of 540 million yuan, up 57.94% year on year. Among these, the electric mobility business achieved sales revenue of 2.109 billion yuan, up 83.08% year on year, becoming the main growth engine; the powersports business achieved sales revenue of 532 million yuan, up 8.62% year on year. The company said the strong performance was driven by the release of localized production capacity in North America, product iteration, and technology research and development. Currently, three production lines for low-speed electric vehicles at its U.S. plant are in stable operation, and a fourth production line is being prepared as needed. In addition, the company is laying out generator set integration and supporting services, offering power solutions to customers such as data centers in North America.

Gosuncn released its 2026 semi-annual report on the evening of August 28. In the first half of the year, it achieved operating revenue of 966 million yuan, up 7.76% year on year, and net profit attributable to the parent company of 32.83 million yuan, up 24.87% year on year. The vehicle-mounted terminal business was the main source of revenue growth, with first-half revenue of 508 million yuan and a compound growth rate of more than 50% over the past three years. Among this, shipments of T-box products exceeded 550,000 units, up 25%, overseas shipments surpassed 100,000 units, and the company secured 23 new project designations in China, as well as a new designation from the globally renowned Tier 1 supplier Harman. Overseas business grew rapidly, with first-half overseas revenue of 207 million yuan, up 35.93%, and its share of total revenue rose to 21%. In addition, the digital license plate business for electric bicycles saw a market breakout, with the company winning related projects worth more than 55 million yuan, accounting for over 50% of the public tender market share, and expanding its business to more than 40 cities nationwide. The company's net cash flow from operating activities reached 119 million yuan, up 313.41% year on year.